Gannett Drags

David Kaplan reports on Gannett: 


Gannett’s ability to reach and retain profitability over the past year rested on two main things: the growth of digital revenues and its dedication to holding down expenses. While the McLean, Va.-based media company was able to hold the line on costs in general, and digital revenues were still up by double digits, it wasn’t enough to offset a decline in ad spending that ate into Gannett’s profits and total revenues, both of which declined in Q1.

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